IOD calls on government to introduce lower corporation tax rate for net zero firms

The Institute of Directors has published a white paper ‘The Green Incentive: how to put net zero at the heart of business planning’.

The policy paper sets out four specific medium-term recommendations which would incentivise businesses, and particularly smaller businesses, to play their part in decarbonising the economy.  

The Government has set a national climate change target of net zero by 2050. However, there are a lack of effective incentives and support for small and medium sized businesses to achieve net zero themselves.  

Therefore, the IoD is calling on the UK Government to: 

  1. Be explicit that it wants every business to achieve net zero in its operations.
  1. Introduce, with several years’ notice, a lower corporation tax rate for organisations that have achieved net zero, compared to those that have not. This recommendation does not necessarily require a greater use of taxpayer resources or, conversely, that taxes necessarily rise
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Housing, Manufacturing Figures in Focus Next Week

Monday

U.S.

Featured Earnings

Take-Two Interactive Software Inc. (NASDAQ: TTWO) (Q4) EPS estimates of 69 cents, compared to $1.16 in the prior-year quarter.

Tencent Music Entertainment Group (NYSE:TME) (Q4) EPS estimates of five cents, compared to nine cents in the prior-year quarter.

Tower Semiconductor Ltd. (NASDAQ: TSEM) (Q1) EPS estimates of 47 cents, compared to 27 cents in the prior-year quarter.

Canada

Economic Lookahead

Monthly Survey of Manufacturing (Mar.) Manufacturing sales rose 4.2% in February, mainly on higher sales of motor vehicle, food, and petroleum products.

Wholesale Trade (Mar.) Wholesale sales fell 0.4% in February to $78.8 billion, the first decline since July 2021.

Featured Earnings

K92 Mining (T.KNT) (Q1) EPS estimates of seven cents, identical to the prior-year quarter.

Charlotte’s Web Holdings Inc. (T.CWEB) (Q1) EPS estimates for loss of six cents, compared to a loss of 86 cents in the prior-year quarter.

Titanium Transportation Group Inc. (T.TTR) (Q1) … Read more

Secrets of Success: Ralph Rogge, CEO of Open-Banking Startup Crezco

Providing an online checkout for B2B businesses without the need for card-schemes like Visa or Mastercard.

Crezco is a business-to-business open banking payments platform that makes B2B invoice payments as frictionless as card payments but without the associated costs, processing account-to-account payments up to £1 million in real-time for free. CEO Ralph Roggee, speaks to Business Matters

What type of businesses do you work with?

We typically work with UK and EU small businesses, many of whom have connected our payment processing API with their accounting software, such as QuickBooks and Xero. Others use our app directly or connect to us through some of our integrated booking and supply-chain platforms.
What problem does your company solve?
Online checkouts that rely on card-schemes are not suited to B2B businesses. They’re expensive, subject to fraud, chargebacks, delayed settlement times and payment limits. They were simply not intended for B2B businesses as they … Read more

The Most Important Qualities of a Successful Entrepreneur in 2022

Being a successful entrepreneur in 2022 requires a lot of hard work, but there are some other qualities that can help you to thrive.

Perception

Being able to spot gaps in the market is a great quality to have as an entrepreneur. In 2022, this may be more difficult, as it can seem like everything has already been done. However, taking a simple idea and noticing what is missing will help you stand out and succeed.

That’s exactly what David Spector and his wife, Heidi did with ThirdLove bras which catered to women who fell between cup sizes. Bras are already widely available from many underwear shops and websites, but by adding the extra sizes, they made it possible to stand against other competitors. They also created an app for customers to fit themselves, making it easier for them to get the right size and less likely to return bras … Read more